"No one to sell"...Bitcoin, lowest exchange inflow since 2020

▲ Bitcoin (BTC)

Long-term Bitcoin (BTC) holders are showing a historic refusal to sell, causing exchange inflows to plummet to their lowest level since 2020, raising the possibility of a further surge due to a supply shock.

According to The Crypto Basic, a cryptocurrency specialized media outlet, on April 14 (local time), Bitcoin inflows to Binance, the world's largest virtual asset exchange, have sharply decreased to levels seen in late 2020, sending a strong bullish signal to the market. A report by on-chain data analysis firm CryptoQuant confirmed that the deposit ratio of long-term holders to exchanges has fallen to 1.1%. This is the lowest figure in five years since Bitcoin traded between $6,000 and $8,000, effectively meaning that selling pressure on the market has disappeared.

The reluctance of long-term holders to sell is interpreted as a typical supply shortage phenomenon that occurs as Bitcoin moves towards its all-time high. This contrasts with December 2023, when the price reached $50,000, and this indicator surged to 5.6%, forming a local peak. Even when the price touched $97,000 in February 2025, the deposit ratio remained around 3.8%. However, the current figure of 1.1% suggests that Bitcoin holders do not perceive the current price as a peak and have tightly closed their wallets, expecting higher prices.

Supply-side data supports that the Bitcoin market is in optimal conditions for sustainable growth. Historically, price corrections occurred whenever the inflow ratio of long-term holders exceeded 4% to 5%, but currently, it is well below that threshold. Experts diagnose that as long as the deposit ratio remains below 2%, the risk of a sharp price drop due to selling pressure is very low. In a situation where the circulating supply is drying up, if institutional investors' buying interest increases, the price could skyrocket at an unimaginable pace.

The market defines current indicators as a zero selling pressure phase and expects strong upward momentum. Bitcoin holdings within exchanges are also continuously decreasing, with the actual available supply approaching historically low levels. As investors move assets from exchanges to personal wallets and enter a long-term storage regime, the market faces a liquidity shortage. This supply-demand imbalance is expected to be a key driver for Bitcoin to break through the psychological resistance level of $100,000 and enter a new historical territory.

The firm confidence shown by long-term holders proves that Bitcoin's asset value is being re-evaluated. The movement of old wallets, unshaken by short-term price fluctuations, is evidence that the market's fundamental strength is stronger than ever. As the economic principle of supply shortage driving price increases is at play, Bitcoin is once again proving its scarcity to the market. Investors are closely monitoring changes in exchange inflow data and preparing for the massive upward curve Bitcoin is poised to draw.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*